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Second one has too much artifacting in the emboss, and I have a dislike for writing out what things are underneath the acronym. It's not like "Zenith Technologies X" explains anything, so why clutter up a clean logo?

The first one is very slick, but the font you're using makes the X look somewhat blobby and the Z is very bright while the others have more dark shades in the middle.

Also, it's good to have a logo that works well on both black and white, so make sure you take a look at it on a white background as well.